Böckerman, Petri and Ilmakunnas, Pekka (2010): The job satisfaction-productivity nexus: A study using matched survey and register data.
Preview |
PDF
MPRA_paper_23348.pdf Download (234kB) | Preview |
Abstract
This paper examines the role of job satisfaction in the determination of establishment-level productivity. The matched data contain both information on job satisfaction from the ECHP (European Community Household Panel) and information on establishment productivity from longitudinal register data that can be linked to the ECHP. The estimates for the effect of a one point increase in the establishment average level of employee job satisfaction, on a scale 1-6, on productivity vary depending on the specification of the model. The preferred estimate, based on the IV estimation that uses satisfaction with housing conditions as an instrument for job satisfaction, shows that the effect on value added per hours worked is ~20% in the manufacturing sector. The economic size of this effect is modest, because the observations are bunched towards the higher end of the satisfaction scale making it very difficult to increase the average level of job satisfaction in the establishment by one point.
Item Type: | MPRA Paper |
---|---|
Original Title: | The job satisfaction-productivity nexus: A study using matched survey and register data |
Language: | English |
Keywords: | Job satisfaction; employee well-being; productivity; performance |
Subjects: | J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J28 - Safety ; Job Satisfaction ; Related Public Policy D - Microeconomics > D2 - Production and Organizations > D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity |
Item ID: | 23348 |
Depositing User: | Petri Böckerman |
Date Deposited: | 17 Jun 2010 12:28 |
Last Modified: | 29 Sep 2019 16:21 |
References: | Black, Sandra E., and Lisa M. Lynch. 2001. “How to Compete: The Impact of Workplace Practices and Information Technology on Productivity.” Review of Economics and Statistics, Vol. 83, No. 3, pp. 434-445. Buhai, Sebastian, Elena Cottini, and Niels Westergård-Nielsen. 2008. “The Impact of Workplace Conditions on Firm Performance.” Tinbergen Institute, Discussion Paper No. 077/03. Böckerman, Petri, and Pekka Ilmakunnas. 2009. “Job Disamenities, Job Satisfaction, Quit Intentions, and Actual Separations: Putting the Pieces Together.” Industrial Relations, Vol. 48, No. 1, pp. 73-96. Clark, Andrew E. 1996. “Job Satisfaction in Britain.” British Journal of Industrial Relations, Vol. 34, No. 2, pp. 189-217. Clark, Andrew E., Georgellis Yannis, and Peter Sanfey. 1998. “Job Satisfaction, Wage Changes, and Quits: Evidence from Germany.” Research in Labor Economics, Vol. 17, pp. 95-121. Freeman, Richard. 1978. “Job Satisfaction as an Economic Variable.” The American Economic Review, Vol. 68, No. 2, pp. 135-141. Glegg, Chris W. 1983. “Psychology of Employee Lateness, Absence and Turnover: A Methodological Critique and an Empirical Study.” Journal of Applied Psychology, Vol. 68, No. 1, pp. 88-101. Hamermesh, Daniel. 2004. “Subjective Outcomes in Economics.” Southern Economic Journal, Vol. 71, Vol. 1, pp. 2-11. Harter, James K., Frank L. Schmidt, and Theodore L. Hayes. 2002. “Business-Unit-Level Relationship between Employee Satisfaction, Employee Engagement, and Business Outcomes: A Meta-Analysis.” Journal of Applied Psychology, Vol. 87, No. 2, pp. 268-279. Iaffaldano, Michelle T., and Paul M. Muchinsky. 1985. “Job Satisfaction and Job Performance: A Meta-Analysis.” Psychological Bulletin, Vol. 97, No. 2, pp. 251-273. Judge, Timothy A., Carl J. Thoresen, Joyce E. Bono, and Gregory K. Patton. 2001. “The Job Satisfaction-Job Performance Relationship: A Qualitative and Quantitative Review.” Psychological Bulletin, Vol. 127, No. 3, pp. 376-407. Lehto, Eero. 2007. “Regional Impact of Research and Development on Productivity.” Regional Studies, Vol. 41, No. 5, pp. 623-638. Mairesse, Jacques, and Nathalie Greenan. 1999. “Using Employee-level Data in a Firm-level Econometric Study.” In John C. Haltiwanger, Julia I. Lane, James R. Spletzer, Jules J.M. Theeuwes, and Kenneth R. Troske, eds., The Creation and Analysis of Employer-Employee Matched Data, pp. 489-512. Amsterdam: North-Holland. Mangione, Thomas W., and Robert P. Quinn. 1975. “Job Satisfaction, Counterproductive Behavior, and Drug Use at Work.” Journal of Applied Psychology, Vol. 60, No. 1, pp. 114-116. Mäki-Fränti, Petri. 2009. “Henkilöstön työkyky ja toimipaikkojen tuottavuus (Success of Companies and Work Ability of Personnel).” (In Finnish.) Pellervo Economic Research Institute PTT, Working Paper No. 118. Olley, G. Steven, and Ariel Pakes. 1996. “The Dynamics of Productivity in the Telecommunications Equipment Industry.” Econometrica, Vol. 64, No. 6, pp. 1263-1297. Oswald, Andrew J., Eugenio Proto, and Daniel Sgroi. 2008. “Happiness and Productivity.” Warwick Economic Research Papers, No. 882. Patterson, Malcolm, Michael West, Rebecca Lawthorn, and Steven Nickell. 1997. “Impact of People Management Strategies on Business Performance.” Institute of Personnel and Development, Issues in People Management No. 22. Patterson, Malcolm, Peter Warr, and Michael West. 2004. “Organizational Climate and Company Productivity: The Role of Employee Affect and Employee Level.” Journal of Occupational and Organizational Psychology, Vol. 77, No. 2, pp. 193-216. Peracchi, Franco. 2002. “The European Community Household Panel: A Review.” Empirical Economics, No. 27, Vol. 1, pp. 63-90. Rain, Jeffrey S., Irving M., and Dirk D. Steiner. 1991. “A Current Look at the Job Satisfaction/Life Satisfaction Relationship: Review and Future Considerations.” Human Relations, Vol. 44, No. 3, pp. 287-307. Schneider, Benjamin, Paul J. Hanges, D. Brent Smith, and Amy Nicole Salvaggio. 2003. “Which Comes First: Employee Attitudes or Organizational Financial and Market Performance?” Journal of Applied Psychology, No. 88, No. 5, pp. 836-851. Staiger, Douglas, and James H. Stock. 1997. “Instrumental Variable Regression with Weak Instruments.” Econometrica, Vol. 65, No. 3, pp. 557-586. Vanhala, Sinikka, and Kaija Tuomi. 2006. “HRM, Company Performance and Employee Well-being.” Management Revue: The International Review of Management Studies, Vol. 17, No. 3, pp. 241-255. Von Bonsdorff, Monika E., Minna Janhonen, Sinikka Vanhala, Päivi Husman, Pekka Ylöstalo, Jorma Seitsamo, and Erkki Nykyri. 2009. “Henkilöstön työkyky ja yrityksen menestyminen vuosina 1997-2007 – tutkimus metalliteollisuudessa ja vähittäiskaupan alalla (Personnel Work Ability and Companies’ Performance in 1997-2007 – A Study of Metal Industry and Retail Trade).” (In Finnish.) Finnish Institute of Occupational Health, Report No. 36. Weisberg, Sanford. 1985. Applied Linear Regression. 2nd ed. New Jersey: John Wiley & Sons, Inc. Wilensky, Harold L. 1960. “Work, Careers and Social Integration.” International Social Science Journal, Vol. 12, No. 4, pp. 543-560. Zelenski, John M., Steven A. Murphy, and David A. Jenkins. 2008. “The Happy-Productive Worker Thesis Revisited.” Journal of Happiness Studies, Vol. 9, No. 4, pp. 521-537. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/23348 |